Biden to give Oval Office address on debt ceiling deal Friday evening after US avoids default
President Joe Biden will address the nation Friday evening from the Oval Office on the budget deal that lifts the federal debt limit and averts a U.S. government default WASHINGTON -- President Joe Biden planned to praise the contentious, just-passed budget deal in a speech to the nation Friday evening , ready to sign the agreement averting the country's first-ever government default , which would have sent shock waves through the U.S. and global economies. The measure was approved late Thursday night after passing the House in yet another late session the night before. Biden is expected to sign it at the White House on Saturday. After days of default threats, the debt limit-budget agreement was worked out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their spending-cut demands but holding the line on major Democratic priorities. “No one got everything they wanted but the American people got what they needed,” Biden was to say, according to excerpts release...